There has never been a larger wave of equity inflows. In other words, everybody wants in the stock pool.
And not just the largest companies with the strongest balance sheets. Volume for the least viable, most aggressive stock assets — penny stocks — has rocketed to heights that nobody has ever seen before.
On top of that, U.S. market capitalization is double the level of the economy (GDP). The ratio has rocketed to its highest-ever level above its historical trend; it is leaps and bounds above the levels reached at the tippity-top of the 2000 tech bubble.
But today, say it with a straight face and repeat after me… there is no stock bubble.
There is no stock bubble…
There is no stock bubble…
There is no stock bubble…
There is no stock bubble…
There is no stock bubble…
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